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Apple Stock Dives 10% in Less Than a Week Ahead of Q2 Earnings Call

Apple Stock Dives 10% in Less Than a Week Ahead of Q2 Earnings Call

Although Apple has been performing extremely well this year, the company’s stock has nevertheless taken a serious dive over the past few days, dropping from $643 per share on April 10 all the way down to today’s closing value of $583.13. Likewise, Apple’s market value dropped from a high of over $600B on April 10 down to a closing value of $540.90B – that’s a massive 10% drop!

Apple typically sees wild swings like this ahead of earning calls (their Q2 financial results call is set for April 24), and it’s likely that AAPL will continue to jump up and down in a roller-coaster fashion until Apple reveals their sales numbers for their second fiscal quarter of 2012 (after which the price will rocket skyward).

The declines may also be due to the recent antitrust lawsuit opened against Apple and publishers over alleged e-book price fixing or other matters. Even with the 10% drop, however, Apple’s stock is still up over 40% for the year.

It is interesting to see a drop like this in a company with so much forward potential. With the numbers down, perhaps now is the ideal time to buy a few shares!

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